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as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me like a last-ditch effort. let me tell you what it when it was announced today that there was going to be a meeting at 3:00 o'clock from expectations went through the roof. i think people thought something really big was going to happen at the end of the day. the president is saying that he is modestly optimistic. maybe you would be something by december 31. what do you make of it? >> he is modestly optimistic about no new changes here. you know, the country needs a leader. no matter what party you are from, that is what we need. that's what we need in the president of the united states, and we we have a president that gets a bunch of people together and says let's talk about the problem. instead, he just shovels the problem o
as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me like a last-ditch effort. let me tell you what it when it was announced today that there was going to be a meeting at 3:00 o'clock from expectations went...
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in fact, at one time or another, nearly every feature of this plan has been offered by both republicans and democrats, including president obama and speaker boehner. all i'veone is pull them togethero offer them has a compassionate alternave to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in orderings something along the lines of the simpson-bowles. we don't have that luxury right now. but perhaps it will only soften the blow of the fisl cliff but also give us a sense of urgency about a grand bargain to repair our financial house. i am not so naive as to believe everybody is going to check their piticat the door, even at this late hour, but this is not a time for politicki, bickering or partisan games. to allow the country to plunge over the fiscal cliff without any alternative plans t soften the landing is completely unacceptable. i can't think of anything more irresponsible than to let this great country go over the fiscal cliff, to play games with the lives of americans in such a callous way
in fact, at one time or another, nearly every feature of this plan has been offered by both republicans and democrats, including president obama and speaker boehner. all i'veone is pull them togethero offer them has a compassionate alternave to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in orderings something along the lines of the simpson-bowles. we don't have that luxury right now. but perhaps it...
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of course, the final word is with us here in congress. any decision can be overridden by a joint resolution. every provision of the act is familiar to the senate -- in fact, at one time or another nearly every feature of this plan has been offered by both republicans and democrats, including president obama and speaker boehner. all i have done is pooled them together -- a compassionate alternative to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in order. something along the lines of the bowles-simpson planned. perhaps this will not only soften the blow, but also give us a sense of urgency about a grand bargain to repair our fragile house. i'm not so naive as to believe everybody will check their politics at the door. even at this late hour. but this is not a time for politicking, bickering, or partisan games. to allow the country to plunge over the fiscal cliff without any alternative plans to solve -- soft and the landing is completely unaccepta
of course, the final word is with us here in congress. any decision can be overridden by a joint resolution. every provision of the act is familiar to the senate -- in fact, at one time or another nearly every feature of this plan has been offered by both republicans and democrats, including president obama and speaker boehner. all i have done is pooled them together -- a compassionate alternative to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a...
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a year later in 2011, another fight emerged in congress over the treasury department's request to raise the debt limit. congress battled for months and the economy suffered, resulting in the u.s. losing its aaa credit rating for the first time in history. we were downgraded. what's next? and as part of a last-ditch compromise to avoid default, both sides agreed to $1 trillion in spending cuts and an additional $1.2 trillion in across-the-board cuts that would kick in at the beginning of 2013 unless a bipartisan super committee made up of politicians from both parties could come up with an agreement. that super committee failed, and of course, the country is now facing those self-imposed, massive cuts to defense spending and other programs. fed chair ben bernanke warned that if these cuts went through, and we're looking at a deadline that's 16 hours away, the country risked going over what he called a fiscal cliff. since the president's re-election, he and republicans have traded offers and counteroffers, finding little common ground on tax increases and cuts from entitlements. president
a year later in 2011, another fight emerged in congress over the treasury department's request to raise the debt limit. congress battled for months and the economy suffered, resulting in the u.s. losing its aaa credit rating for the first time in history. we were downgraded. what's next? and as part of a last-ditch compromise to avoid default, both sides agreed to $1 trillion in spending cuts and an additional $1.2 trillion in across-the-board cuts that would kick in at the beginning of 2013...
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but, but i do need to talk about the progress that is being made in congress today. for the last few days leaders in both parties have been working toward an agreement that will prevent a middle class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority because the last thing folks like the folks up here on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it, businesses can't afford it, our economy can't afford it. now today it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are sill issues left to resolve but we're hopeful that congress can get it done. but it's not done and so part of the reason i wanted to speak to all of you here today is make sure we emphasize to congress and that, members about of both parties understand that all across america this is a pressing concern on people's minds. now, the potential agreement that's talked about would not only make sure taxes don't go up on mi
but, but i do need to talk about the progress that is being made in congress today. for the last few days leaders in both parties have been working toward an agreement that will prevent a middle class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority because the last thing folks like the folks up here on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it, businesses...
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so one way or another, we'll get through this. do i wish that things were more orderly in washington and rationale and people listened to the best arguments and compromised and operate in a more thoughtful and organized fashion? absolutely. but when you look at history, that's been the exception rather than the norm. >> my interview with president obama. coming up, reaction to the interview and what it tells us about what his second term will look like. joining me, nbc's tom brokaw. presidential historian doris goodwin, john meachum, david brooks of the "new york times" and chuck todd. all coming up next. >> i think most of the blame still has to go to the republicans. they've had a brain freeze since the election. they have no strategy. they don't know what they want, and they haven't decided what they want. but if i had to fault president obama, i would say sometimes he has governed like a visitor from a morally superior civilization. he comes in here, and he will not -- he'll talk with boehner. he won't talk with the other repu
so one way or another, we'll get through this. do i wish that things were more orderly in washington and rationale and people listened to the best arguments and compromised and operate in a more thoughtful and organized fashion? absolutely. but when you look at history, that's been the exception rather than the norm. >> my interview with president obama. coming up, reaction to the interview and what it tells us about what his second term will look like. joining me, nbc's tom brokaw....
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i don't mean just the last few days but in this congress, unfortunately. but giving up is not an option for us. we have another 13 hours as has been pointed out if we can reach agreement, if we can have a unanimous consent in the senate i think there is still time to act but of course it's running out very, very quickly. >> how is the mood? do you feel good about this? or do you believe we'll go over the cliff here? >> well, i'm still hopeful. while we're here all the members are in washington, ready to act. the issue is whether or not we can come to a consensus. the administration in my opinion continues to try to make offers that will get to an agreement. unfortunately, as was pointed out in your earlier report, even a million dollars seemed unacceptable to the republican conference just a few days ago. the president is not going to go there. we're not going to go there. the american people don't think we ought to go there. what the american people want to make sure is that working americans, middle class americans, don't get a tax hike tomorrow. that's
i don't mean just the last few days but in this congress, unfortunately. but giving up is not an option for us. we have another 13 hours as has been pointed out if we can reach agreement, if we can have a unanimous consent in the senate i think there is still time to act but of course it's running out very, very quickly. >> how is the mood? do you feel good about this? or do you believe we'll go over the cliff here? >> well, i'm still hopeful. while we're here all the members are in...
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in fact, at one time or another, nearly every feature of this plan has been offered by both republicans and democrats, including president obama and speaker boehner. all i've done is pull them together to offer them has a compassionate alternative to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in orderings something along the lines of the simpson-bowles. we don't have that luxury right now. but perhaps it will only soften the blow of the fiscal cliff but also give us a sense of urgency about a grand bargain to repair our financial house. i am not so naive aso believe everybody is going to check their politics at the door, even at this late hour, but this is not a time for politicking, bicking or partisan games. to allow the country to plunge over the fiscal cliff without any alternative plans to soften the landings completely unacceptable. i can't think of anything more irresponsible than to let this great country go over the fiscal cliff, to play games with the lives of americans in such a ca
in fact, at one time or another, nearly every feature of this plan has been offered by both republicans and democrats, including president obama and speaker boehner. all i've done is pull them together to offer them has a compassionate alternative to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in orderings something along the lines of the simpson-bowles. we don't have that luxury right now. but...
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speech from me, but i do need to talk about the progress that's being made in congress today. for the last few days, leaders in both parties have been working toward an agreement that will prevent a middle class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority, because the last thing folks like the folks up here on this stage can aafford right now is it to pay an extra $2,000 in taxes next year. middle class families karntcan' aafford it. businesses can't afford it. our economy can't afford it. today it appears that an agreement to prevent this new year's tax hike is within sight. it's not done. there are still issues left to resolve, but we're hopeful that congress can get it done. it's not done. so part of the reason that i wanted to speak to all of you here today is to make sure it that we emphasize to congress and that members of both parties understand that all across america this is a pressing concern on people's minds. now, the potential agreement that's being talked about would not only make sure the taxes
speech from me, but i do need to talk about the progress that's being made in congress today. for the last few days, leaders in both parties have been working toward an agreement that will prevent a middle class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority, because the last thing folks like the folks up here on this stage can aafford right now is it to pay an extra $2,000 in taxes next year. middle class families karntcan'...
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cliff, plan d is to have another vote on january 4 when the new congress comes in and that would be a straight up or down vote on extending tax cuts on middle class, families making up to $250,000 a year. do you think that's what happ s happens? >> reporter: i'm hoping that we resolve this today to give the american people some certainty. the president doesn't seem too eager to actually get involved and find solutions to deal with the number one problem facing our country. if you do what the president has just proposed there and raised taxes on those folks, it helps fund the government for seven days. it doesn't deal with our fundamental spending problem in this country. bottom line is the president's the only one with a pen who can sign into law something. and he ought to be very involved with making sure he gets something he will sign that will pass both a republican controlled house and a democrat controlled senate. >> senator, i mean there's been a lot of finger pointing and we even been hearing this for some time now and think a lot of people are looking for some kind of a deal a
cliff, plan d is to have another vote on january 4 when the new congress comes in and that would be a straight up or down vote on extending tax cuts on middle class, families making up to $250,000 a year. do you think that's what happ s happens? >> reporter: i'm hoping that we resolve this today to give the american people some certainty. the president doesn't seem too eager to actually get involved and find solutions to deal with the number one problem facing our country. if you do what...
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up to a new congress that you're not going to be part of to avert another debacle on that front. give me some sense of your optimism of how this will be handled going forward. in other words, have your new colleagues in congress learned anything from this experience? >> no. think it is unreasonable to hand this off to the new guys who some of them have never served an elected office before. and to think they're going to come riding in here on horses and somehow solve something that we haven't been able to solve for years, is a little bit unfair to them and more than a little unrealistic. >> what is your advice for them what is your advice for the new congress. you didn't finish the job as well as you would have liked to. they're going to be handed over the situation and i suspect we'll be talking about budgetary matters and debt matters for a long time. what is your best advice to them. >> untwe're going to continue t have this problem. this requires a big solution, it requires paying on everybody's side, on the republican side taxes will have to be increased. there is going to h
up to a new congress that you're not going to be part of to avert another debacle on that front. give me some sense of your optimism of how this will be handled going forward. in other words, have your new colleagues in congress learned anything from this experience? >> no. think it is unreasonable to hand this off to the new guys who some of them have never served an elected office before. and to think they're going to come riding in here on horses and somehow solve something that we...
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unless aan agreement and reached and approved by congress by midnight, $500 billion in tax increases will begin to take effect and more than $100 billion will be cut from defense and entitlement programs. some analysts warn that could trigger another recession. >>> a quick roundup of what has you talking online. 2012 has been a huge year for movies but christian slater starred in playback with horrible returns that cost $7.5 million to produce but earned only $264. the dubious distinction of making the least money of any movie this year. jessica simpson is pregnant and proud, self portrait of her baby bump on twitter sunday. the second child for the star and fichlt and fiance eric johnson. >>> oakland boys saying amazing grace for george h.w. bush sunday. former president was moved out of intensive care at a houston hospital. ♪ i once was lost but now i'm found was blind ♪ >> first lady barbara bush called the band one of her husband's favorites and asked them to serenade him while he was in the hospital suffering from bronchitis and other related issues. al roker is in pasadena.
unless aan agreement and reached and approved by congress by midnight, $500 billion in tax increases will begin to take effect and more than $100 billion will be cut from defense and entitlement programs. some analysts warn that could trigger another recession. >>> a quick roundup of what has you talking online. 2012 has been a huge year for movies but christian slater starred in playback with horrible returns that cost $7.5 million to produce but earned only $264. the dubious...
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somehow washington never gets the message, and here we are 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> madame speaker the american people are looking at congress with distain and rightfully so. with the deadline on the fiscal cliff only hours away we've failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> reporter: so everybody is waiting to see if the senate can reach a deal on the fiscal cliff. it's not entirely clear when the house would act. i talked to a key leadership aide who he said if the senate passes a deal we could certainly signal that we will take it up perhaps tomorrow morning and that would keep everybody calm, but first things first, they need a deal, jon. jon: by my calculation they have less than 13 hours to accomplish that. mike emanuel, thank you. >> reporter: thank you, sir. jon: let's take a look at the dow with all this fiscal cliff nonsense going on. it's up, actually about 8 points right there as you can see. still down below 13,000, th
somehow washington never gets the message, and here we are 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> madame speaker the american people are looking at congress with distain and rightfully so. with the deadline on the fiscal cliff only hours away we've failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> reporter: so everybody is waiting to see if the...
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and he made the case to democrats that -- and to the broad congress but mostly his own party that this is filled with measures that would appeal to their own voters, and they could live to fight the right of their priorities that are in this package another day. then there was a lot of red meat in his speech. at one point, he said some words that are getting now some attention, some criticism from republicans who thought it was quite partisan. he accused republicans of trying to, quote, shove spending cuts down -- well, shove spending at us. a bit of a dig. and so this is a part of it would seem a pr effort to wage blame -- lay blame on the republicans in case this fails. the president trying to get as much distance from this and laying this as a congressional effort, not a white house effort, but a congressional effort, again, in case this fails before -- and we go over the cliff, wolf. >> over at the white house, do you have any idea when the senate might be taking up this, have a roll call on whatever deal might be emerging? >> reporter: i don't, but i have a feeling we should try c
and he made the case to democrats that -- and to the broad congress but mostly his own party that this is filled with measures that would appeal to their own voters, and they could live to fight the right of their priorities that are in this package another day. then there was a lot of red meat in his speech. at one point, he said some words that are getting now some attention, some criticism from republicans who thought it was quite partisan. he accused republicans of trying to, quote, shove...
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another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on january 3. we have a number of news reports of. this is about what is going on behind the scene. senator tom harkin weighing in on this on the senate floor. >> i was disturbed to read in the washington post this morning that some kind of agreements are being made here, somehow that democrats have agreed to raise the level from two lenders $50,000 to $450,000 -- from $250,000 to $450,000 and there was an agreement reached that we keep the estate taxes at the $5 million level at 35%. all i can say is, democrats do not agree with that. not at all. what it looks like is it looks like all of the tax things will be made permanent, but all of the things that middle-class america really depends on is extended for one year, maybe two years. two here is that in most. the tax increases may permit. i think that is grossly unfair. grossly unfair. and we're going to lock in forever the idea
another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on january 3. we have a number of news reports of. this is about what is going on behind the scene. senator tom harkin weighing in on this on the senate floor. >> i was disturbed to read in the washington post this morning that some kind of agreements are being made here,...
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gregg: congress can handle it individually because the president signed an executive order giving them all pay raises. >> it's true. gregg: unbelievable. heather. heather: coming up president obama facing another key test as he approaches the start of his second term. the ongoing battle now turning to america's ports, as a strike deadline fast approaches. doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a deal where longshoreman would be paid a fee based on the weight of every container this a ship carries. but the industry finds it prohibitive lee expensive. >> antiquated work rules we've seen in it automotive industry, in the steel industry where effic
gregg: congress can handle it individually because the president signed an executive order giving them all pay raises. >> it's true. gregg: unbelievable. heather. heather: coming up president obama facing another key test as he approaches the start of his second term. the ongoing battle now turning to america's ports, as a strike deadline fast approaches. doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a...